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Property profile & analytics
OFF-MARKET
Estimated value
$15,620,000
Commercial real estate
3809 Bayshore Rd North Cape May, NJ 08204-3259
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-1345482
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1989
Total area
99,380 SF
Lot
9.62 ac (419,047 SF)
APN
05 00741- 01-00002- 06
UPID
US59-1345482
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Lauren Perrotta Physician
-
Kelly Wood Physician
-
Onwuka Aloysius C MD Physician
-
Phyllis Edwards Physician
-
Phyllis Edwards, COTA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.69M
CAP Approach
CAP
$13.72M
Comparable Approach
Comparable
$19.16M
Blend (final)
Blend
$15.62M
Owner & transaction history
3809 Bayshore Rd LLC · 5 yrs held
3809 Bayshore Rd LLC
since 2021
Last sale
$15.5M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Cape May submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Cape May submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$19,160,000
ML approach
$10,690,000
CAP Approach
CAP Return
Estimation
6%
$14,855,000
6.5%
$13,715,000
7%
$12,735,000
Blend value · Realmo final
$15.62M
Range $14.06M – $17.18M · ±10% · vs last sale $15.50M (Jul 15 2021)
Last sale anchor
$15.50M
Jul 15 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$157 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$87,210
Tax year 2022
Assessed value
$4,500,000
Assessed 2023
Previous assessed
$4,500,000
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$1,281,000
Assessed improvement
$3,219,000
Land market value
$1,281,000
Improvement market value
$3,219,000
Total market value
$4,500,000
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1989
Heating
NONE
Units
1
Total area
99,380 SF
Lot
9.62 ac (419,047 SF)
APN
05 00741- 01-00002- 06
UPID
US59-1345482
Jurisdiction
CAPE MAY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Units
1
Lot
9.62 ac
Current owner
From public records · entity-resolved
3809 Bayshore Rd LLC
Entity
Mailing address
27 US HWY 1ST 1, NEW BRUNSWICK, NJ 08901-1551
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2021
$15,500,000
3809 Bayshore Rd LLC
Lg Ohi North Cape LLC
Deed
$12,000,000 · Investors Bank
Nov 30, 2016
$20,293,628
Lg-01ll North Cae LLC
Fc-gen Real Estate LLC
Grant Deed
—
Aug 25, 2015
$13,318,174
Fc-gen Real Estate LLC
Victoria Health Corp
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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